The market for high performance alloys is expected to register a moderate growth during the forecast period, 2018 to 2023. This moderate growth is the consequence of the increasing demand from the aerospace & defense industry.

The aerospace industry is the largest end-user segment for high-performance alloys, which is nearly half of the total global demand. The military aerospace industry consumes the largest part of the important strategic materials that are used in commercial aerospace (the fastest growing segment).

Inconel 718 (Nickel-based) superalloy is the most widely used high-performance alloy (used extensively in aerospace applications). Nickel-based superalloys currently constitutes over 50% of the weight of advanced amount of high-performance alloys. In addition, high performance alloys represents the most aircraft engines.

The consumption of high-performance alloys has increased not only in aerospace but also in defense verticals. Since the trend gaining momentum in the global scenario is increasing the investments in the defense sector, this trend is expected to continue for the next 10 years.

March 2018: Materion Corporation announced a distribution agreement with EDRO GmbH in Europe. In addition, EDRO Specialty Steels Inc. will join ThyssenKrupp Copper and Brass Sales as exclusive distributors of MoldMAX alloy products in North America.